Nagambie Resources Ltd V.NAG

Primary Symbol: NGMBF

Metals & Mining Gold

Nagambie Resources Limited is an Australia-based natural resources exploration company. The principal activities of the Company include exploration for, and development of, gold, associated minerals including antimony, and construction materials in Australia, and the investigation and development of waste handling assets. The Company is focused on targeting epitherm alantimony-gold mineralized systems across 3,200 square kilometers of tenements in the Waranga Domain of the Melbourne Structural Zone, in Victoria, Australia. The Company's flagship project is the Antimony-Gold Project, which sits in proximity to the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources). The Antimony-Gold Project is located at the 100% owned Nagambie Mine. Its Whroo Goldfields project is located approximately 130 kilometers (km) north of Melbourne. It also holds interest in Whroo Project, PASS Project, and Sand Project.

OTCPK:NGMBF - Post by User

Nagambie Resources Ltd > Nag in Turmoil

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Comment by angelnickyon Feb 22, 2010 6:07pm

425 Views

Post# 16808508

Nag in Turmoil

Look ou Nag is on fire
Management must change their mining strategy in order to grow
Very little cash on hand to cover operating costs
Thin seams mining is uneconomical at low tonnage
No mining costs mention in past new release such as stripping ratio costs , cost per ton, saleable cost to make a investment decision if project is viable

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